Euro Area Household Credit Growth

Loans to households in the Euro Area increased 3.3 percent from a year ago to EUR 6.01 trillion in November 2018, compared to a 3.2 percent rise in the previous month and matching market expectations. Also, credit to non-financial corporations went up 4 percent to EUR 4.48 trillion, after a 3.9 percent advance. Private sector credit growth including households and non-financial corporations stood at 3.3 percent in November, unchanged from the previous month. Loan Growth in the Euro Area averaged 3.65 percent from 2004 until 2018, reaching an all time high of 9.90 percent in March of 2006 and a record low of -0.40 percent in November of 2013.

Loan Growth in Euro Area is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loan Growth in Euro Area to stand at 3.20 in 12 months time. In the long-term, the Euro Area Household Credit Growth is projected to trend around 2.80 percent in 2020, according to our econometric models.

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Euro Area Household Credit Growth

In the Euro Area, loan growth refers to year over year change in loans to households adjusted for sales and securitisation. This page provides the latest reported value for - Euro Area Private Credit Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Household Credit Growth - actual data, historical chart and calendar of releases - was last updated on January of 2019.